Lifetime Fitness 2006 Annual Report Download - page 26

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(3) We are the owner of the 110,000 square foot office building where this center is located. The square footage
figure for the center excludes approximately 69,000 square feet that we sublease to third parties and
approximately 15,000 square feet of common areas for the building.
(4) The square footage figure excludes approximately 24,000 square feet that we sublease to third parties.
(5) This center is a joint venture in which we have a one-third interest.
Item 3. Legal Proceedings.
We may be subject to litigation from time to time incidental to the normal course of our business. Due to their
nature, such legal proceedings involve inherent uncertainties, including but not limited to, court rulings, negotiations
between affected parties and governmental intervention. We have established reserves for matters that are probable
and estimable in amounts we believe are adequate to cover reasonable adverse judgments not covered by insurance.
Based upon the information available to us and discussions with legal counsel, it is our opinion that the outcome of
the various legal actions and claims that are incidental to the our business will not have a material adverse impact on
our consolidated financial position, results of operations or cash flows; however, such matters are subject to many
uncertainties, and the outcome of individual matters are not predictable with assurance.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchaser
of Equity Securities.
Market Information
Our common stock is listed on the New York Stock Exchange (NYSE) under the symbol LTM. The following table
sets forth, for the periods indicated, the high and low sales prices as reported by the NYSE.
High Low
Fiscal Year Ended December 31, 2005:
First Quarter (January 1, 2005 – March 31, 2005) ............................... $27.16 $23.82
Second Quarter (April 1, 2005 – June 30, 2005) ................................. $33.99 $24.73
Third Quarter (July 1, 2005 – September 30, 2005) ............................. $37.00 $31.38
Fourth Quarter (October 1, 2005 – December 31, 2005) ...................... $40.70 $30.93
Fiscal Year Ended December 31, 2006:
First Quarter (January 1, 2006 – March 31, 2006) ................................ $46.85 $37.84
Second Quarter (April 1, 2006 – June 30, 2006) .................................. $48.86 $41.03
Third Quarter (July 1, 2006 – September 30, 2006).............................. $47.73 $41.75
Fourth Quarter (October 1, 2006 – December 31, 2006) ....................... $52.58 $46.33
Holders
As of February 15, 2007, the number of holders of our common stock was approximately 10,050, consisting of 250
record holders and approximately 9,800 shareholders whose stock is held by a bank, broker or other nominee.
Performance Graph
The following graph compares the quarterly change in the cumulative total shareholder return on our common stock
from June 30, 2004, which is the day our common stock began to trade publicly, through December 31, 2006 with
the cumulative total return on the NYSE Composite Index and Russell 2000 Index. The comparison assumes $100
was invested on June 30, 2004 in Life Time Fitness common stock and in each of the foregoing indices and assumes
that dividends were reinvested when and as paid. We have not declared dividends on our common stock. You should
not consider shareholder return over the indicated period to be indicative of future shareholder returns.